The Bahamas Investor

...to the role, and its board of directors voiced their continued confidence by electing her for a second term at a meeting in Belize late in June. ICAC vice president Anthony Pierre, principal of the firm Anthony P. Pierre & Co Chartered Accountants and Director for Trinidad and Tobago on the ICAC board was also re-elected. The institute’s treasurer and secretary will remain in their roles, and directors from the Institute of Chartered Accountants......

...ghted milestones over the past year, while outlining the Institute’s plans for the coming year. Of important note, BICA was able to successfully draft and implement its new legislation which now brings it in compliance with the dynamic membership requirements of the International Federation of Accountants (IFAC). The new legislation calls for the implementation of public practice monitoring, which is expected to be fully introduced this summer. Th......

...ncy Foran, CPA Canada Vice-President, International, the Americas, also welcomes the formal recognition for her organization and appreciates the spirit of cooperation from BICA. “We look forward to working with the accounting community in The Bahamas to grow and develop the profession” she says. Foran adds that someone based in The Bahamas, wishing to obtain the Canadian CPA designation, does not need to travel outside the region to do so. The maj......

...step in ensuring that PharmaChem is a viable and sustainable operation in Freeport for years to come,” Stefanutti said during the ceremony. “Today, we are breaking ground on a new state-of-the-art multiproduct facility that will support Gilead’s new pipeline of life-saving drugs. It has been jointly designed by Gilead and PharmaChem and it’s a testament of the strong relationship that we have with Gilead and all others within their management.” G......

...countries and different legal and economic systems. In keeping with its efforts to provide comprehensive and cutting edge training on international arbitration to professionals in The Bahamas, the Ministry of Financial Services has invited the Principal Legal Officer of the United Nations Commission on International Trade Law to conduct a lecture and technical workshop on the impact of the Model Law and the development of The Bahamas Internationa......

...eing global intellectual property and domestic legal matters, at Bacardi & Company Limited for almost 9 years. Previously she was employed by two major trust companies in The Bahamas. Before moving to The Bahamas, Ms. Beidler-D’Aguilar practiced law in the United States. She was a Director of the Bahamas Financial Services Board from 2010 to 2014 and continues to be active in the Bahamas Financial Services Board’s regulatory, legislative and produ......

...d towards our goal of engagement with industry. With respect to my team, I feel fortunate that the commission has managed to recruit very highly-skilled, hard-working staff. My background is in industry and find it refreshing to see that the staff at the commission have a sincere belief in, and a commitment to, what they do. For me, that is half the battle won. There are things I am still learning and discovering, but I hope the learning process i......

...hile placing more power in the hands of accounting, financial and legal firms with the additional burden of needing to exercise extreme care,” she says. “The amendments have essentially streamlined our insolvency practice and updated the liquidation rules.” “The case law that will emerge in the next few years from the new legislation should prove to be very exciting for the insolvency industry in The Bahamas.”......

...since the recession, we have seen persons signing up for our courses who, for example, worked in tourism and already have good people skills, but no experience in banking. We can give them the formal training to help them transition from other sectors.” The institute also offers career coaching, so that potential students can select the field in which they want to specialize and tailor their certification process accordingly. Centre of excellence......

...ange on accounts. There are also lingering legacy issues related to Libor, Forex, commodities and mortgage-related liabilities across many of the world’s leading banks. At times, it appears that we are still mired in the crisis and true recovery is still just a distant dream. Needless to say, just as the world looks at its most threatening, there often arises the greatest opportunity for those willing to take the plunge. The question is: where and......

...vents last year and I negotiated some really intense contracts, so we feel comfortable with the logistics of it all,” says Johnson, adding that 2014 is also shaping up to be a busy year. “We’re off with a bang this year … off and running. “The learning curve for us has been surprisingly swift because of our involvement in the tourism industry. We have all the ingredients in place to become the leader in sports and cultural tourism in the region an......

...rum (CHIEF ), the Caribbean region’s annual networking, education and best practice sharing event for hospitality and tourism business stakeholders. The timing for this year’s CHIEF and its value to industry participants could not be more important during these uncertain times, according to the forum organizers. CHIEF’s overarching goal is to help ensure the industry’s profitability and that the region remains one of the world’s most desirable des......

...businesses, including the World Bank , International Monetary Fund and UK Foreign & Commonwealth Office. Each year, IBFS attracts leading global players to travel to The Bahamas and engage in dialogue about the global industry and implications for The Bahamas. Some of the other international speakers already confirmed for IBFS include Carlos Rodriguez, CEO and partner, Arthur J Gallagher (Colombia); Christopher Willis, managing partner, Henley &......

...IDB funded pilot projects the government has seized the opportunities to accomplish the following recommendations of the National Energy Policy,” said Neymour. “The first one is the phase out of incandescent light bulbs and their replacement with reduced mercury compact fluorescent light bulbs.” “The second is the increased integration of renewable energy technologies in small communities and average to low-income households. And, the third is to......

...r Accident/Emergency Centre. (BIS Photo/Sharon Turner) Prime Minister Hubert Ingraham, speaks to reporters during a press conference at the Office of the Prime Minister, Freeport. Also present were Grand Bahama MPs and electoral candidates for Grand Bahama. (BIS Photo/Sharon Turner)......